How to Make Money From Free Product and Services

Do you know what the most played game is? It is PUBG, which is a free-to-play game. Do you know how much money this game makes? In 2020, PUBG made $5 billion in revenue. Despite being free, the game makes a lot of money. In 2021, Facebook made $100 billion in revenue and it is free to use platform.

In order to make money, you don’t always have to charge money for your products. You can offer free products and still make money from your free products.

Here are a few examples.

You create software, a tool, a program, etc., and offer the basic feature for free and charge a certain price for the premium version. People who like your basic feature will certainly buy the premium edition. For example, you create a course and offer the basic version for free and offer a premium price for the full version.

You create a free service and offer additional features for a certain price. For example, you create a dating website that is free but you ask for payment in order to send a message to another user.

You organize a free webinar, since it is free a lot of people will sign up. You can then sell products and services through your webinar.

How to Make Money From Free Webinars?

Webinars are also a great way to make money. You announce your webinar and start selling entry tickets. People who are interested in your topic, will surely pay and book their spot. Let’s say your webinar is about “how to build a dropshipping business.” People who are interested in dropshipping business will pay entry fees. You can get a lot of people to sign up by promoting your webinar through social platforms.

Interestingly, you can also make money from free webinars. You can make money from a free web through sponsorship and selling products and services. Here’s how you can do it.

You announce a webinar and get as many people as you can to sign up for the webinar. Let’s say 200 people signed up for your webinar. You can now pitch your webinar to businesses and individuals who have products and services related to your webinar topic. They might be interested in sponsoring your webinar.

Your webinar can be completely free but you can also sell your services and products through the webinars. For example, your webinar is about “how to write effectively.” You create an ebook on the same topic and ask the participants to buy your book. If your audience liked your webinar, they will be interested in buying your book as well.

How to Make Money From Freemium Products and Services?

The word freemium is coined through two words free and premium. Freemium is a pricing strategy used by many businesses for their products and services in which the product and service come with two different pricing models free and premium. The free version is completely free for a lifetime or a certain time, and the premium version has a price attached to it. The free version has basic features and the premium version has additional features or advanced features.

You can find a lot of examples of freemium products and services.

Spotify offers basic ad-supported limited services for free but unlimited subscriptions cost money.

Most anti-virus has a free version and a premium version.

The basic idea behind freemium is to sell the service or product by allowing the users to try it for free. When they like it they will buy the premium version. This pricing model has become very effective in recent times. Not just big businesses but small and medium enterprises also use this pricing model.

Free video games like Fortnite, PUBG, Roblux, etc. make money through this pricing model. Canva is based on a freemium model. SEO services like Semrush and Moz are also freemium services.

If you have created a product and service, try using the freemium model.